Timothy Sumer

Assets test is one of the requirements for Age Pension. This video explains what assets test is, how it works, and asset types with examples. Also, find out if your home is an asset, and how your super impacts the assets test. 🦋 UPDATE!! Numbers in the video are from June 2019. For the updated numbers please follow the link below to the article on our website. 🦋 ASSETS TEST ARTICLE ▪️ 🦋 RECOMMENDED VIDEOS FOR YOU ▪️ Age pension Australia - The easy guide ▪️ Retirement costs of living in Australia ▪️ 5 Biggest retirement mistakes! 🦋 USEFUL LINKS MENTIONED IN THE VIDEO ▪️ Government ▪️ Age Pension age ▪️ Granny flat rules: ▪️ Financial Investment ▪️ Excluded assets ▪️ Social security guide 🦋 CONNECT WITH US ▪️ YouTube ▪️ Website ▪️ Facebook 🦋 DISCLAIMER The information contained in this video is factual only. It is not financial or other advice of any type. You should consult a professional financial or retir

You cannot rely on the Australian Age Pension to fund your retirement. It doesn't provide you with enough money for even a modest retirement. In order to retire comfortably in Australia, you will need to supplement your age pension with income from property, shares, or superannuation. However, having too much income and assets can reduce your age pension. So it's imperative that you learn how the Age Pension income and asset tests work and plan your retirement accordingly. 0:00 Can you live off the Australian Age Pension? 2:08 How much is the Age Pension? 3:25 Understanding the Income Test 4:14 Understanding the Deeming Rules 6:33 Understanding the Work Bonus 7:53 Understanding the Asset Test 9:33 The biggest loophole in the Australian Age Pension system 10:52 Strategies to maximize the income from your Age Pension Chinese subtitles are available for this video I am an Executive Level Leader in the Australian Public Service with over 10 years of experience in ta